Expion360 announces 1-for-100 reverse stock split effective Oct 8 to regain Nasdaq compliance

Expion360 Inc.

Reverse stock split at 1:100 ratio, effective 5:00 p.m. PT on Oct 8, 2024.
Common stock to trade on Nasdaq post-split under symbol XPON starting Oct 9, 2024.
Split intended to regain compliance with Nasdaq minimum bid price requirement.
No fractional shares; holders entitled to fraction get one whole share instead.
Proportional adjustments to equity awards, warrants, and options outstanding.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Expion360 Inc.: Approved and filed Certificate of Amendment to Articles of Incorporation to effect a 1-for-100 reverse stock split of common stock, effective 5:00 p.m. Pacific Time on October 8, 2024 (effective 2024-10-08).

Change: charter amendment
Effective: 2024-10-08

Exact text from the filing

On October 4, 2024, the Certificate of Amendment to effect the Reverse Stock Split was filed with the Secretary of State of Nevada. The Reverse Stock Split will become effective at 5:00 p.m. Pacific Time on October 8, 2024 (the "Effective Time").

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Source: SEC EDGAR

accession 0001903596-24-000610

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